USD/ INR: Indian Rupee Forex Report 22 December

USD/INR- Indian rupee value settled at 74.12 on 22 December against the US Dollar at 11:50 PM. The India currency began at a high of 73.934 on Tuesday. Yesterday, it reached the highest at 73.234 and the lowest at 73.854. At the same time, the dollar index rose by 0.08% to settle at 90.09 as of 9:28 PM EST. 

USD/ INR: Oil Prices

The US WTI crude oil continued the crash on Tuesday on the emergence of the new COVID-19 mutant strain. Accordingly, it fell by 1.60% at 10:40 PM GMT on 22 December to trade at USD 46.23 per barrel globally. On the other hand, Brent Crude was trading at USD 49.28 per barrel as it traded 1.10% lower on Tuesday. Despite oil facing the low demand crisis in the world, Indian fuel demand continues to rise amid the pandemic.

USD/ INR- Gold Prices

Gold prices fell on 22 December following the price rise on Monday. Accordingly, December gold futures decreased by 0.42% or 214 Rupees to Rs. 50,202.00 per 10 grams on the multi-commodity exchange. Similarly, Silver futures fell by 216.00 Rupees or 0.24% to settle at Rs. 67,393.00 per kg. Amid the hopeful COVID-19 vaccine and easing of demand, the precious metals brace for the fall. In the international market, Gold was trading at USD 1876.40 per ounce in New York. On the other hand, Silver traded at USD 25.70 per ounce.

USD/ INR- Sensex Today

The stock markets rose on 22 December after the delirious fall on Monday. Accordingly, Sensex ended in the green as it increased by 1.25%. Thereby ending the session at 46,006.69 at 4:10 PM IST on Tuesday. Similarly, the NIFTY decreased by 0.76% or 126.23 points rise and ended up at 13,466.30.

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